Wednesday, August 10, 2005

Illegal Immigrant Homeowners

There has been a large increase in banks providing home loans to illegal immigrants. This is definitely a positive symptom. It is a good sign that foreigners who rise into poverty by crossing our borders can further rise out of poverty by earning enough money to buy a home. Our economy must be quite healthy for illegal immigrants to be able to afford to buy homes despite large increases in home prices, especially in heavily immigrant markets. Illegal immigrants who both can and want to participate in the American dream by purchasing a home are certainly the top candidates for participation in some sort of guest worker program. However, there is no real need to provide any government assistance to illegal immigrant home buyers like what is provided for legal American home buyers.

We need immigration reform so that we can be more selective about who is allowed to immigrate to America. Home buyers are usually high among those who we want to select.


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